Atkins Pushes Senate to Pass Clarity Act Amid Shift in Crypto Policy

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins has called on the Senate to pass the Clarity Act, a proposed federal bill aimed at establishing clearer regulatory guidelines for digital assets.

The Clarity Act seeks to define when a digital asset qualifies as a security versus a commodity, resolving a long-standing jurisdictional ambiguity between the SEC and the Commodity Futures Trading Commission (CFTC).

This move marks a shift in the SEC's approach, acknowledging that the agency alone cannot provide comprehensive clarity for the market.